Take a look at some of the most important premarket engines:
GameStop (GME): The video game retailer said Chewy board member and co-founder Ryan Cohen would become chairman of the board after the annual meeting. GameStop gained 2.2% in premarket trading.
Box (BOX): The cloud computing company announced a $ 500 million investment in funds managed by private equity firm KKR (KKR), which will receive convertible preferred shares. Box will use the proceeds to repurchase up to $ 500 million of its common stock. Cash shares fell 5.6% in the premarket.
WW International (WW) – Morgan Stanley downgraded its shares to “equal weight” from “overweight”, noting its significant surplus in the last twelve months and that the shares of the company formerly known as Weight Watchers are now in the about 5% of your price target. Shares fell 3.1% in premarket trading.
Conagra Brands (CAG) – The company behind food brands such as Duncan Hines, Birds Eye and Healthy Choice reported quarterly earnings of 59 cents per share, one cent per share above estimates. Revenue also exceeded forecasts. Conagra continues to experience high demand resulting from more people staying home during the pandemic. Conagra rose 1.1% in premarket trade.
Constellation Brands (STZ): Brewery Crown and several liquor brands exceeded Wall Street estimates on both the top and bottom lines of its last quarter, saying it performed well despite pandemic-related challenges.
Costco (COST) – Costco recorded a 16% increase in in-store sales during the month of March, including a 13.9% increase in U.S. locations. The store retailer also saw online sales increase by 57.7% compared to a year earlier.
Apple (AAPL): Apple is delaying production of MacBooks and iPads due to a shortage of computer chips and other components, according to Japanese news service Nikkei. The shortage has not yet affected the availability of products for consumers. Apple gained 1% in the premarket.
Amazon.com (AMZN) – A unionization vote at an Amazon warehouse in Alabama recorded 55% turnout among approximately 5,800 workers, and initial results are expected to be announced in a few days.
Bilibili (BILI) – Bilibili denies a Reuters report that the operator of the online video site is in talks to buy a 24% stake in Yoozoo Games. The report said the potential deal would see Bilibili buy both the stake and Yoozoo headquarters for about $ 765 million. Bilbili shares rose 2.1% in premarketing stock.
Twitter (TWTR): Twitter has been in talks in recent months to buy the audio-based social network Clubhouse for about $ 4 billion, according to a Bloomberg report. However, the conversations were stopped for an unknown reason and are no longer in progress. Twitter shares gained 1% in the premarket.
Tesla (TSLA): Tesla issued rebates to customers for billing twice for new vehicle purchases, according to customers who spoke to CNBC. The company also sent apologetic emails with $ 200 credit to Tesla’s online store.
Emergent BioSolutions (EBS) – Emergent was warned by a senior federal health official last June, according to a New York Times report. The official warned of quality control and other problems from the contract manufacturer, who recently had to remove millions of doses of Johnson & Johnson’s (JNJ) Covid-19 vaccine due to contamination.
Progress Software (PRGS): The enterprise software company announced a $ 300 million convertible debt offer. Progress shares fell 1.8% in premarket trading.
Academy Sports + Outdoors (ASO): JPMorgan Chase offers a block of nine million shares of retail sports and outdoor recreation through JPMorgan Chase, according to sources who spoke with StreetAccount. Shares fell 5% in premarketing stock.